Fuel and energy

This opinion is shared by the Minister of Entrepreneurship, Energy and Industrial Strategy Kwasi Kwarteng.

Gazprom's exports abroad, according to preliminary data, increased by 13.1% over nine and a half months, to 152.2 billion cubic meters of gas, the company said.

The first string of the Nord Stream 2 gas pipeline has been filled with technical gas, and the second is being prepared for this, the operator of the Nord Stream 2 AG project said.

According to the Secretary General of the World Energy Council, the crisis in European energy and in other regions of the world is caused by an unexpected recovery in demand and a redistribution of the market.

Gazprom is fulfilling its obligations to the EU on fuel supplies, said Frans Timmermans, executive deputy chairman of the European Commission.

The jump in gas prices in Europe is not due to a shortage of supply, but to a low level of storage capacity, as Deputy Prime Minister Alexander Novak said.

The Kiev authorities will have to "crawl on their knees to Moscow" due to the lack of coal for power plants, Oleg Voloshin, a deputy of the Verkhovna Rada from the Opposition Platform - For Life party, said on Facebook.

A collapse in oil prices to $24 per barrel by 2050 is possible with the implementation of the most radical decarbonization scenario worldwide.

Shares in the Raspadskaya coal company soared 5.9 percent during trading on the Moscow Stock Exchange on Monday, October 11.

There is potential for increasing gas supplies to Europe, but everything depends on commercial agreements, said Dmitry Peskov, press secretary of the Russian president.

The commissioning of the Nord Stream 2 gas pipeline will make it possible to reduce gas prices in a few months, Philippe Ledent, a senior economist at the Dutch bank ING, told RIA Novosti.

The Advocate General of the European Court of Justice recommended to cancel the decision of the lower instance, which in May 2020 rejected the claim of Nord Stream 2 AG in relation to the EU Gas Directive.

Earlier, analysts said that gas prices in Europe will depend on the severity of the weather during the heating season.

Alexei Kudrin called for the abandonment of oil and gas money as Russia's main income.

Users of the Polish portal Interia commented on the article about the serious economic problems that await Europe next year due to the gas situation.